Assetz® News - Central London house prices rise further
Central London property prices have been driven higher by uncertainty caused by the sovereign debt crisis in the eurozone, figures from Knight Frank suggest.
The area has seen 11.4% annual growth, following a 0.6% increase in prime London prices this month.
While other parts of the UK property market have enjoyed little growth in recent times, the firm's research shows that central London prices have gone up by 37.2% since March 2009.
Knight Frank's head of residential research, Liam Bailey, said: "Sharp price rises over the past two years have not discouraged buyers from entering the market.
"Growth in demand is easily absorbing stock volume increases without downward pressure being placed on prices."
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